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FEDERAL RESERVE BANK OF N E W YORK Fiscal Agent of the United States 'Circular No. 2 4 2 7 T May 4, 1942 J CLOSING OF SUBSCRIPTION BOOKS On Cash Offering of 2 Percent Treasury Bonds of 1949-51 To all Banking Institutions, and Others Concerned, in the Second Federal Reserve District: In accordance with instructions received today from the Secretary of the Treasury, the subscription books for the current offering of $1,250,000,000, or thereabouts, of 2 percent Treasury Bonds of 1949-51, dated May 15,1942, due September 15, 1951, were closed at the close of business Monday, May 4, 1942. Any subscription addressed to a Federal Reserve Bank or Branch and placed in the mail before 12 o'clock midnight, Eastern war time, Monday, May 4, 1942, as evidenced by postoffice cancellation, •will be considered as having been entered before the close of the subscription books. AT,TAN SPROTJL, President.